The Englishman, who won the Hong Kong Open last week, carded a three-under-par 69 to move to 12 under.
His compatriot Jason Hak was 14 years and 304 days old when he did so at the 2008 Hong Kong Open.
The co-sanctioned Hong Kong Open is already the third stop on the 2006 European Tour, and the penultimate on this year's Asian Tour.
Olly cruised to his 23rd European Tour title, but his first since the 2001 Hong Kong Open, with a 10-under-par total of 260 following a display of all-round brilliance from tee-to-cup which has been his hallmark in 2005.
Woods was three shots off the pace at the World Golf Championships event, tied for fifth with fellow U.S. Ryder Cup star Anthony Kim, their compatriot Ryan Moore, world No. 4 Paul Casey and Hong Kong Open champion Wen-tang Lin.
Hollywood films hit the streets within days of their release in America and months before they open in Hong Kong cinemas.
And a rock-solid banking system is one reason why Hong Kong, with the most open financial markets in East Asia, has so far weathered the storm better than many of its neighbours.
"I'll get there, " she says, recalling that when she first came back to open a Hong Kong store with her label in 1993, salespeople told her to take the "Made in China" label off the clothes.
Hong Kong entertainment czar Allan Zeman, whose advice and contacts in the Hong Kong business world helped casino magnate Steve Wynn open the posh Wynn Macau resort in 2006, has resigned from the board of Wynn Resorts this month.
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This fall Graff will open stores in Hong Kong, Tokyo and Geneva, double the size of his flagship store in London and undertake construction on a new 4, 200-square-foot Manhattan boutique on Madison Avenue.
This month, Leong will open the Hotel Indigo Hong Kong Island.
And until the museums open, these dynamic Hong Kong galleries are a visitor's best hope at catching a glimpse of coveted works from emerging and established western and Asian artists.
It is significant that financial institutions in Hong Kong and Singapore, both of which are wide open to foreign financial companies, have been able to withstand the region's turmoil.
The company plans to boost the total to 25, with new stores scheduled to open later this year in Shanghai and Hong Kong.
With the first of the two phases scheduled to open in 2005, the government estimates Hong Kong Disneyland will attract about 5.2 million visitors in its first year.
"I was financially better off not going to Hong Kong, " added Edge, who took the British Open at Gatcombe on Mayhem after her colleagues had left for the Games.
In both cases, famous Tokyo-based chefs (Masahiro Yoshitake and Seiji Yamamoto, respectively) decided to branch out and open a second outlet outside of Japan, choosing Hong Kong as the sweet spot, partly because they can easily split their time between their two restaurants, but also because they can use the same fresh ingredients flown in daily.
The Hong Kong event is Sharapova's only warm-up event before the Australian Open, which begins on 18 January.
As the most open economies that are also big financial centres, Singapore and Hong Kong have been hit hardest.
"They're quite open, " says Michelle Mak of Warburg Dillon Read in Hong Kong.
Singapore and Hong Kong have benefited from the booming Asian economy, which has led many multinationals to open offices in the two financial centres.
So even if the international board were open for business, a company could get a better price for its shares in Hong Kong than in Shanghai, which is a "seismic change, " in the words of one investment banker.
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Hong Kong is a major business partner for us and I will be seeking to do all I can to help open the doors for Welsh businesses looking to pursue opportunities to expand and thrive in this important international market.
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